Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$202,873$179,100
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$1,014$0
Note rate6.540%7.400%
Blended rate6.540%7.640%
1st payment$1,313.78$1,240.05
2nd payment$0.00$0.00
Taxes / mo$110.25$110.25
Insurance / mo$150.00$150.00
MI / mo$0.00$35.82
HOA / mo$0.00$0.00
Total monthly$1,574.03$1,536.12
Cash to close$0$19,900